Tokyo Gas Co (Tokyo Gas Co) Receivables Turnover : 1.66 (As of Dec. 2023)

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What is Tokyo Gas Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Tokyo Gas Co's Revenue for the three months ended in Dec. 2023 was $4,375 Mil. Tokyo Gas Co's average Accounts Receivable for the three months ended in Dec. 2023 was $2,632 Mil. Hence, Tokyo Gas Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.66.

Tokyo Gas Co Receivables Turnover Historical Data

The historical data trend for Tokyo Gas Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tokyo Gas Co Receivables Turnover Chart

Tokyo Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.05

7.98

7.14

7.68

5.58

Tokyo Gas Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.00	1.67	1.80	1.66	1.76

Competitive Comparison of Tokyo Gas Co's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Tokyo Gas Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tokyo Gas Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tokyo Gas Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tokyo Gas Co's Receivables Turnover falls into.

Tokyo Gas Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Tokyo Gas Co's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	17784.961	/ (	(3337.174	+	3032.174)	/	2 )
=	17784.961	/	3184.674
=	5.58

Tokyo Gas Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4374.798	/ (	(2502.526	+	2760.584)	/	2 )
=	4374.798	/	2631.555
=	1.66

Tokyo Gas Co (OTCPK:TKGSF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Tokyo Gas Co Receivables Turnover Related Terms

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Tokyo Gas Co (Tokyo Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tokyo Gas Co Ltd (OTCPK:TKGSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TKGSY:USA 9531:Japan TOG:Germany

Address

1-5-20 Kaigan Minato-ku, Tokyo, JPN, 105-8527

Website

http://www.tokyo-gas.co.jp

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.

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